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20121223
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Search Results 0 to 19 of about 20 (some duplicates have been removed)
and it in racing tax brackets on what people earn. why is chained cpi suddenly so vital to the fiscal cliff negotiation? it isn't a spending cut or a tax hike, but it would effectively cut spending and raise taxes on some, saving the government an estimated $300 billion over the next decade. the problem is that what that means is that seniors, the longer they live, the less money they would actually take home. they would see a cut to their benefits and that's what has progressives so upset. >> politically speaking, this was a significant concession from the democrats or was it just an accounting fix? >> well you know, it was both of those things. it is an accounting fix. it is a significant concession from democrats. some democrats who i spoke to said look, maybe i would consider this maybe. but only if we could have some sort of mechanism, ali, that a senior past age 85 who would be facing six or 8% cut in benefits, maybe there would be an adjustment to make sure, especially for people who are very poor, that there would be some sort of safety net. paul krugerman has said liberal firebrand
higher taxes and the fiscal cliff thing and they are not spending so much. if there is a sign next week we could have a deal, perhaps we will see moreshipping. there is going to be a lot of sales after christmas. >>heather: people get their gift cards. and we see that. that will be an important indication. not all hope is lost but we are cutting back and not as much spending as we hopeed. >> not all hope is lost. >>gregg: i am single-handedly holding up the american economy. one man stimulus. >>heather: you can catch brand da every saturday morning at 10:00 a.m. right here. >>gregg: it legal immigrants could get a free pass in the united states as immigration and customs enforcement unveil a new border patrol policy to bypass certain kinds of offenders. dominic is live in our west coast newsroom with more. >>reporter: yes, this policy snuck through hoping people would not notice and now illegal immigrant if they commit a petty crime they are not deported. the aim of homeland security and customs is to consequence trait resources on hunting down the dangerous illegal immigrants, instead,
before we go over the fiscal cliff and everybody's taxes go up. i'm sure a lot of us feel they shouldn't be taking off. >> let's bring in george stephanopoulos. great to see you, george. things are coming down to the wire. what are the odds they can come up with a deal especially republicans can't agree. >> those talks completely collapsed this week and ended once and for all when john boehner couldn't even pass his backup plan in the house on thursday. the only possibility right now would be some kind of a very small -- some measure that would just extend the tax cuts for everyone earning under $250,000. it should be a lot of protection for a lot of people but even that will be difficult. you get it only if there's a promise not to filibuster that in the senate and the house speaker agrees to take it up. both of those questions are very open right now. >> a lot of open questions and high establishes for a lot of people. let me ask you about another big issue in washington right now. in this toxic environment any chance that the president can make any headway on his desire to change th
the table. this is not part of the sequester or the fiscal cliff. this is a trillion dollar tax increase over the next decade that just hit. so there's a $20 billion to $30 billion over the next 10 year tax on medical devices that make stents of prosthetic devices -- >> all signed foo law by the president. >> law of the land, 90% of the tax increases to pay for obama care conveniently interestingly took effect, begin to take effect after the president got himself safely re-elected. if you're a poor person and have 7 1/2% of your adjustable gross income used up in medical costs, the president decided the democrats in congress voted to take that -- >> i get your point -- >> average americans who are very sick pay $2 billion to $3 billion more in taxes to pay for obama care. these are tax increases on the middle class, put there by obama. he wants you to talk about taxing the rich as he's busy socking it to the middle class? a luxury of a debate that washington may have, that folks like me on the ground in cities all across america don't have. i've got a balanced budget. but what we've had
this fiscal problem that exists, which is even if you resolve the fiscal cliff, we still have a fiscal problem is go in the middle and argue over both tax increases which everybody knows needs to go up in order to fix it and spending cuts and entitlements. >> it may not exist in washington. on your point about dogma, grover norquist, of course, you popularized the no tax pledge for many years. on this plan by the speaker which would have allowed taxes to go up, your group said it wasn't a tax increase and that still wasn't good tough for a lot of house republicans. >> look, let's understand, there is a plan to actually solve the debt that's been run up, the deficits to continue, the entitlement reform and tax reform to get more pro-growth, tax reform, and that's the ryan plan, which has actually passed twice by the house of representatives. people can talk -- >> no support from the president. it's not going anywhere. >> the democrats haven't done a budget in three, four year, haven't put anything forward that deals with entitlements. there's one and only one plan that has actually been passed
in the next nine days to avoid the fiscal cliff we ring in the new year with big tax increases and spending cuts. here to talk about what is going to happen or two leading senators. john barrasso, chairman of the republican policy committee. and, from new york, democrat kent conrad, chairman of the senate budget committee. senators, welcome back to fox news sunday. >> thanks for having me. >> chris: before heading to hawaii for christmas the president out a new, stripped-down plan to avert the fiscal cliff. here's what it is, extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out, next month. and, delay the sequester of $110 billion, in spending cuts, next year. for all of the talk of $4 trillion in debt reduction the plan would only save $800 billion, over ten years. senator conrad, is that the best that washington can do over the next nine days, and can you pass even that? >> look, chris. it may come to that but we can do better. and we should do better. this is an opportunity to do something that would be hug
think maybe he does want to go over the fiscal cliff. that's how he gets what he wants. higher tax rates on everybody and extra cuts on defense. you know he is a professor. he is a lecturer. i think he is accustomed to telling people what he wants them to know and then eliciting a certain response. in the house we have had bipartisan support to extend taxes, deal with a sequester, the things on harry reid's desk. we would like to see action from the president and the senate. >> congressman blackburn thank you very much. great to see you. we hope you have a very merry christmas. >> thank you. >>> this just into our newsroom. new video of an airstrike in syria. a report that dozens have been killed and many more injured in the attack by the government on a bakery in the town of halfaya. that town was recently taken over by rebels. >>> during the budget meeting, they say the u.s. needs to reexamine how the military plays a role in protecting our diplomats. at a time when our country is looming near fiscal cliff and see -- see questions station is around the bend how do you protect? he is a
. in august we passed a bill to extend all of the tax rates. we did deal with the fiscal cliff issues weeks have passed that. it's harry reid and the president that have yet to come up with something. if it was so easy, if they thought they had a solution to it, why didn't on friday they come to the table and actually pass something? the pressure is on them, what can they pass in the senate? >> harold, you know the politics of this but you also know the markets and how they've been reacting and wall street and corporate america more generally. is there new pessimism that we're, a, not going to get a deal and not solve the issue anyway? >> big disappointment. people outside of washington understand clearly. a couple hundred billion over ten years separating both sides. the question becomes can washington still govern itself? two, there's a realization we're in the middle of a small recovery. if we find ourselves not able to resolve this moment, it retards and slows and undermines what we see ourselves doing going forward. finally, for the life of me as someone who sfrd there, it was so distr
reporter john steinhauser for. >> americans are worried about the taxes if the nation falls off the fiscal cliff at the end of the year. seven of ten questioned in our poll says there will be major problems or a crisis in the country if that happens. >> part of what voters they were looking for is some compromise up here. that's what folks want. >> our poll indicates more americans want the republicans than the democrats to compromise more to reach bipartisan solutions. >> the democrat-controlled white house has no plan and offered no plan all year to deal with these looming cuts. >> but the public doesn't seem to agree and more people would blame republicans in congress rather than the president if no deal is reached. one reason why, more people see the views and policies of the gop rather than the democratic party as too extreme. that wasn't the case two years ago. if there's any good news in the poll for the republicans, it's this. a small majority say it's good for the country that the gop controls the house, which suggests the public doesn't want the democrats controlling everything h
wallace gets the latest on the fiscal cliff from lawmakers in the now. exclusive interviews with republican john burasso. today we saw the three funerals for the final three children. 7 year old josen gay . six year oldnana mar quiz green . parker was laid to rest in u>> she had just celebrated her 7th birthday three days before the attack. ana mar questions-greene moved to the area from canada . she was emily parker knew to the earlier from ogden, utah . the father said the world is a better place for having had emily in it. pope john paul ii sending an inspirational christmas message . one that speaks louder than words and all what it had to do with the man on the right. >> and run away shopping cart with . but you will see there is a child in the cart . millions of americans, preparing to reach the holiday destination . the weather may not cooperate with the plans. meteorologist maria mowill you pleasa in the extreme weather center. stay close. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? u
plunge off the fiscal cliff, even if we don't go off the fiscal cliff, the new york post has broken it down this morning and said, remember how -- president obama has been able to say he's lowering everybody's taxes because he put in that payroll holiday and payroll tax holiday. so everybody's taxes for the past two years, the social security tax 6.2 to 4.2%. that expires, sun sets at the end of this and that's not part of the fiscal cliff negotiations. everybody's-- there will be a bite taken out of every single person's paycheck because that holiday is over. >> clayton: yes, 2% we're talking here so it's going to go back to, as alisyn pointed out, that 6.2%, it's currently 4.2%. will they extend this thing? is this part of the negotiations? we don't know, so far it hasn't been, is it going to be put on the table at any point. >> kelly: unlike you, people on capitol hill scratching their heads and saying, what is going on, why haven't we had a common sense agreement bipartisan to get something done and everyone is scratching their heads and wall street is saying we're very uncerta
price of georgia to challenge john deere for the job. much more on what is next for the fiscal cliff. one week before we reach that point. the deadline is december 31, january 1. the president is in hawaii. the house and senate are also in set -- in session this week. elliot engel, weighing in on a number of topics, including rumors that former republican senator chuck a bill could be nominated as defense secretary. you heard from the president on friday as he nominated senator john kerry as secretary of state and the new speculation about chuckle over at the pentagon. here are the comments of congressman dingell, the incoming democratic member of the house foreign affairs committee. but there is a huge opposition to the potential nomination of chuckled to become the next secretary of defense, even the president obama has not made his decision. the former senator has come under fire for statements he has made, including one where he referred to the pro-israel lobby as the "jewish lobby." what is your reaction to that remark? >> i think that remark is a troublesome and problematic. it
is the inevitable that we go over the fiscal cliff. true, it was asking the house republicans to vote for a tax increase. but it was -- they got some cover from grower and others and i think it was a political exercise more so than anythings and it had enabled the work, it would have changed the scenario. >> governor, you know first-hand the politics of raising taxes. what did you make of all this? >> i almost felt sorry for speaker boehner. being torn apart by his own caucus. i'm enthusiastic about them passing anything. tax bills have to start in the house. the senate can take whatever vehicle they send over and substitute for it something that makes sense and have it sent back and it's on them to say yes or no as to whether we go over the cliff. that's really the approach. >> so you want to see something come out of the house? >> anything. anything. and you substitute the total bill. but it has to come out of the house and that's the rationale for getting something there. >> they actually did get something out of the house early last week. they stopped the defense sequester and that's all th
of the total debt, but they can do some things that will avoid the worst consequences going over the fiscal cliff. i can tell you that i've talked to a lot of republican colleagues in the senate who are favorably inclined toward the idea, let's protect the middle class from the tax cuts, raise taxes on people over $250,000 and stop those terrible cuts in defense, homeland security, education, et cetera. >> not much time left. senator, after 24 years in the u.s. senate you are retiring, but you still have work to do. so i'm not going to say good-bye to you now, because i imagine we might speak to you again. >> we might. you see all of this, i told my colleagues they're just doing it to make sure those of us retiring this year work every last day of the term. we're going to spend new year's eve here i believe. >> thanks for the cheery note. thank you. good to see you. president obama is calling on the holiday spirit to avoid the fiscal cliff. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. >> but it may take more than divine
Search Results 0 to 19 of about 20 (some duplicates have been removed)